RTX Corporation $RTX Shares Sold by Austin Private Wealth LLC

by · The Cerbat Gem

Austin Private Wealth LLC reduced its holdings in shares of RTX Corporation (NYSE:RTX – Free Report) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,213 shares of the company’s stock after selling 596 shares during the period. Austin Private Wealth LLC’s holdings in RTX were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RTX. Nuveen LLC acquired a new position in RTX during the 1st quarter valued at about $916,739,000. Goldman Sachs Group Inc. increased its holdings in shares of RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after purchasing an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of RTX in the first quarter valued at about $130,194,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RTX shares. Susquehanna increased their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. UBS Group increased their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Bank of America increased their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

Read Our Latest Stock Analysis on RTX

RTX Stock Down 0.3%

Shares of RTX opened at $178.76 on Wednesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $239.67 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.11 and a beta of 0.66. The stock’s 50-day moving average price is $162.06 and its 200-day moving average price is $148.59.

RTX (NYSE:RTX – Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,318 shares of company stock worth $8,238,388 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

RTX Profile

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

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